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Should I quit my job and try again?

Discussion in 'BlackHat Lounge' started by florflor, May 4, 2013.

  1. florflor

    florflor Senior Member

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    I was full-time since about 4 years ago but income dropped. It was never big anyway but it became unsustainable, I had around 7,000 USD debt on overdraft and credit cards.

    Now I've been working almost half a year and cleared that debt. Doing contract work and my contract finishes soon. I can easily find more work if I want to.

    Problem is I can't concentrate on any new IM projects unless I'm full-time. The alternative is to invest and get others to do the work for me. I'd prefer to do it myself though.

    So I want to quit and go full-time again. Yeah, I'll go back into debt pretty quick, sure.

    Or I can keep working a slave job like everyone else and invest any spare money. I tell you though, working a slave job is killing me. I hate it, I gained weight, almost depressed. It's worse than having money worries like I used to.

    Maybe the smart thing to do is at least another 3 months or so. But I tell ya, it was hard enough just getting to this point since January.

    By the way, I do know why I lost money before. I lacked passion in the niches I was in. I also did not keep my eye on the ball and I wasted time doing affiliate stuff, something I just cannot succeed at. This time, I do have a plan (a product launch). I've done them before and I want to do this again.

    What do you think?
     
  2. Izzma

    Izzma Regular Member

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    This is a pretty tough question to answer. If I was in this situation I would "unfortunately" keep working the day job and in the early mornings/late evenings work on any IM projects you have.

    Once your project(s) become successful, then start thinking about quitting your job.

    Keep your head up bro, things will change for the better!

    Cheers,
     
  3. 2011nfl

    2011nfl Supreme Member

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    There are many different points of view on your situation. Some would say quit and dedicate your time to IM, and some would say keep your day job and do IM later.... I say, do both until IM is bringing in secure and stable income that covers your bills, then quit your day job.. Besides, it iwould be better for you because your day job will give you that extra money to invest into IM..

    I am gonna have to go back to working soon. I already have a job but I have to wait until my wife is ok so I can go back to work. She will be on bed rest for a while so it will be a struggle, but I have had tougher struggles in the past and recently....

    So in short, I say Do both :)
     
  4. danieloath

    danieloath Newbie

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    OP
    You do that. And forget the money. Because if you say that getting the money is the
    most important thing, you will spend your life completely wasting your time. You'll be
    doing things you don't like doing in order to go on living; That is, to go on doing things
    you don't like doing. Which is stupid. Better to have a short life that is full of what you
    like doing than a long life spent in a miserable way. And after all, if you do really like
    what you're doing, it doesn't matter what it is, you can eventually become a master of it.
    And then you'll be able to get a good fee for whatever it is. Therefore, it's so important to
    consider this question...
    "What do I desire?"
    - Alan Watts
     
  5. Ricky Roma

    Ricky Roma Regular Member

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    Never test the depth of the water with both feet
     
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  6. Feather

    Feather Registered Member

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    I would stay at the job and do IM on my sparetime. In that way if something fucks up you still have your main income and if it goes good you can invest your main income in the project.
     
  7. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    If you were living in a country where average salary is $400 (my country) I would tell you to go with IM.
    If you're living in a country where average salary is $1,200+ you should stay a bit more with slave job and try to collect some money before you continue with IM.
     
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  8. carlikito

    carlikito Regular Member

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    I was in your position some time ago, so here are my 2 cents....

    Don't quit your job just yet.....if you get into debt again it will drag you down, make you feel even worse than being a "slave" and won't let you focus in your project.

    Start outsourcing already, you said you "prefer" to do it yourself, that's a mistake and you know it. If you want to grow and really make money you'll need help.

    If you want to really do this, don't just invest spare money. Make a budget and invest a good chunk of money to get momentum. Since you will still be getting a check that will make things way easier.

    Keep your job, save some money, invest another part and start doing IM part-time. You said you need to be full time, but the reality is that even working part time can produce results and will help you one you're ready to go full time.

    Hope that helps.
     
  9. tompots

    tompots Elite Member Premium Member

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  10. florflor

    florflor Senior Member

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    yeah thanks all.

    Last time I went full-time, I only started making the full-time income when I had my entire days to do IM. While I was working, I hardly made any money.

    And remember, I can always go back to work in a couple months if it doesn't work out. Where I am, jobs are plentiful in my field.